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Term vs Perm life insurance…

Posted in Unified Life Group Blog

     Recently, I was watching a TV program called “1000 ways of die” and it could sounds silly but after some accidents showed in the program I thought in that moment that life is too short and the future of my loved ones depends of my income, so I decided to delve into the world of insurance companies and ask around what kind of life insurance most suits me.

     I found that the insurance companies offer 2 packages which are term and complement life insurance but what is the difference between them?  Well, there are a lot of post and articles that mention the main differences and which one is the best, but I will give you my opinion and facts about which of these insurance of  policies, you and I should take.

     First fact is that complement life insurance is way more expensive but has more benefits than term life insurance. Some benefits are:

  • Maintain their standard of living.
  • Pay off any household debt.
  • Secure your children`s education.
  • Supplement retirement savings.
  • It doesn`t expired.

     On the other hand term life insurance is time-limited, it means it`s only valid for 5 to 30 years but the time lapse depends of each company.

     Another difference of term life insurance is that the price is very low but it does not build cash value like a permanent life policy does.

Here we have some of term life benefits:

  • An affordable way to get financial protection
  • A means to provide funds for specific financial responsibilities like a mortgage or college expenses.
  • It may be portable so you can take it with you if you leave your company.

     Finally, you must see what is the most suitable life insurance package for you and you must consider what type of job do you have, is it dangerous?... does it provoke occupational diseases? And remember that permanent life insurance can be a valuable tool for a relative few, but unless you have a high income above $250,000 annually your life insurance needs are likely best met with term life insurance. 

 

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Is life expectancy a synonym of a better health care?

Posted in Unified Life Group Blog

Nowadays, the people have been changing the ways of living; we are trying as “Individuals” to get a healthy life and leave behind the stress produced by this hectic world we live in. But taking healthy ways of living doesn`t mean we are going to live longer than anyone else or we are not going to get any diseases. In fact, 79 million people in the United States suffer some type of cardiovascular diseases and roughly 1 million of new cases for several types of cancer have been estimated in 2016 and it includes young and old people.

Of course, I don`t want to alarm you with these starling statistics, besides it doesn`t mean you will have a terminal illness soon but it `s just a remainder that everyone is prone to get any types of awful diseases. Sadly, according with the world health organization life expectancy list, the average age of life of the Americans has decrease in recent years, we are in the position number 34 and the overall life expectancy is 79 years old.

So, you may have been wondering why a better health care is a synonym of a longer life?

According to a USnews`s article when somebody has access to health care the expectancy of life increases by 60% due the treatments and medical controls that the person receives during his(her) life span but the question is, can we afford a health care? Well it all depends of your pocket of course, but one of the best options is to get a health care insurance and despite this is a controversial topic because there is a considerable inequality gap in which poor and even middle class people can`t afford medical insurance, there are multiple suitable options; One of them is the Obama care program where there is a subsidy for families of lower incomes and also the insurance companies have suitable plans to get a medical insurance. Remember that health insurance affects health care and health care affects health.

Of course as I mentioned before we are trying to live healthy lives with good quality of food, proper exercise and wise behavior but we must be cautious and protect our families against diseases and accidents. To end with, I would like to give you an interesting quotation I found in a article “having insurance improves access to care. It also provides financial protection, which is a component of insurance that people don`t talk about which is really important because it is not just supposed to get you access to care, It`s suppose to keep you from getting evicted from your apartment because you paid your hospital bill instead of your rent.”

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